Watercraft insurance protects boat owners from financial loss due to accidents, theft, liability claims, and weather damage. If you own or operate a boat, pontoon, jet ski, or yacht in Indiana, watercraft insurance gives you peace of mind on the water. Torian Insurance offers customized boat insurance policies in Evansville and throughout the Tri-State area — get a free quote today.
Whether it’s a boat, yacht or jet ski, your watercraft should provide stress free enjoyment. Watercraft insurance provides financial protection against accidents, theft, natural disasters, and liability. It allows boat owners to enjoy their time on the water with friends and family without worrying about financial losses that may arise due to unforeseen circumstances. Watercraft insurance usually covers:
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Based on your specific needs, Torian will use its access to multiple insurance companies to find the right coverage for you. As your needs change, we will customize your policy to best protect you and your boat.
We are passionate about protecting what matters most to you. When it comes your boat, rest easy knowing you are covered with premier watercraft insurance from Torian.
You can rest easy with Torian. As independent Insurance agents, we work for YOU, not the insurance companies! Our expert staff has your best interest at heart which means providing the best coverage.
Watercraft insurance (also called boat insurance) is a policy that protects boat owners financially if their boat is damaged, stolen, or involved in an accident. It typically covers repair costs, replacement value, and liability if someone is injured on or by your boat. Most standard homeowners policies don’t fully cover watercraft, making a separate boat insurance policy essential for most boat owners.
Most watercraft insurance policies cover bodily injury liability, property damage liability, and medical payments for passengers. Comprehensive policies also cover theft, vandalism, storm damage, fire, and collision damage to your boat. Some policies include towing and roadside assistance, personal effects coverage, and uninsured boater protection. Coverage limits and options vary by policy, so it’s important to review what’s included.
Watercraft insurance typically costs $300 to $500 per year for basic liability coverage and $500 to $1,000 or more per year for comprehensive coverage. Your exact cost depends on the type and value of your boat, the coverage limits you choose, your boating experience, and where you operate your watercraft. Jet ski insurance tends to cost less, while yacht insurance costs significantly more.
When purchasing watercraft insurance, consider the type and value of your boat, how often and where you use it, and whether you need liability-only or comprehensive coverage. Check if your policy covers agreed value or actual cash value — agreed value pays a set amount, while actual cash value factors in depreciation. Also consider whether you need coverage for accessories, trailers, towing, and fuel spill liability. An independent agent can help you compare options to find the right fit.
You can insure nearly any type of recreational watercraft, including fishing boats, pontoon boats, yachts, sailboats, jet skis, WaveRunners, power boats, bass boats, deck boats, and cabin cruisers. Some insurers also cover canoes, kayaks, and personal watercraft. Whether you have a small fishing boat or a large yacht, there’s a policy available to match your needs.
The easiest ways to save on watercraft insurance include bundling it with your home or auto policy for a multi-policy discount, completing a boating safety course, maintaining a clean driving record, and insuring multiple boats on the same policy. Being the original owner of your boat, installing safety equipment, and choosing a higher deductible can also lower your premium. Ask your agent about all available discounts — most boat owners qualify for at least one.
Boat insurance is not legally required in Indiana or most other states. However, if you finance or lease your boat, your lender will almost certainly require comprehensive coverage. Many marinas also require proof of liability insurance before allowing you to dock. Even without a legal requirement, carrying boat insurance is strongly recommended to protect yourself from costly accident and liability claims.
Anyone who owns or regularly operates a boat, jet ski, or other watercraft should carry watercraft insurance. This includes recreational boaters, fishing enthusiasts, and families who spend time on Indiana’s lakes and rivers. If you’re responsible for passengers on the water, liability coverage protects you if someone is injured. Even if your boat is older or lower in value, a single accident can result in thousands of dollars in medical and property damage costs.
We just love working with Torian! Everyone is so wonderful and helpful. We have had excellent guidance, explanations, and recommendations for all of our insurance needs. We completely trust Torian and never have to worry about a thing. Thank you!
I am confident Torian is looking out for my best interest. I don’t worry about when or if something will happen because I know I have the best coverage I can get and at the best cost. Thank you Torian for the great service you offer.
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